Tuesday, May 5, 2015

L and T Plea for Lease of Two Bauxite Reserves

The New Indian Express (Bhubaneswar), May 5, 2015
BHUBANESWAR:  Engineering and construction giant Larsen and Toubro (L&T) on Monday requested the State Government to grant mining lease of two bauxite deposits in Kalahandi and Rayagada districts to the company.
The request was made to the Government by Executive Chairman of L&T AM Naik who met Chief Minister Naveen Patnaik at the Secretariat here on Monday. Since L&T has prospecting licence over Sijimali and Kutrumali bauxite mines located in Kalahandi and Rayagada districts respectively, the company is hopeful of getting the two deposits.
“Since we have the prospecting licence, L&T is eligible to get mining rights over the two bauxite deposits under the Mines and Minerals (Development and Regulation) Amendment Act, 2015,” Naik told mediapersons after meeting the Chief Minister.
“We have requested the State Government to recommend mining lease in our favour and also expedite permission for our alumina refinery project,” he added. Naik also met Chief Secretary GC Pati and Secretary in the Steel and Mines Department RK Sharma.
The Sijimali and Kutrumali bauxite mines have a total deposit of close to 300 million tonnes. L&T, through a joint venture with Dubai Aluminium (Dubal), had proposed a `30,000 crore alumina refinery of three million tonne per annum (mtpa) capacity at Rayagada in 2005.
Though a special purpose vehicle (SPV) called Raykal Aluminium was formed for the purpose, the project remains a non-starter.

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